<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Tourism has been one of the fastest-growing sectors in the world. Especially developed countries have been major markets for tourism destinations over the decades. Furthermore, the outbound tourism demand in emerging markets has increased rapidly in recent years. This study aims to investigate the determinants of Turkey’s outbound tourism demand by using the data from 1960 to 2013. For this purpose, the Markov Switching Vector Autoregressive Model is used as an empirical analysis. This model classifies the time period into different regimes in order to obtain more robust results. Finally, our findings show that Turkish citizens’ outbound visits have been influenced by income and the exchange rates.</p></abstract>

Tourism has been one of the fastest-growing sectors in the world. Especially developed countries have been major markets for tourism destinations over the decades. Furthermore, the outbound tourism demand in emerging markets has increased rapidly in recent years. This study aims to investigate the determinants of Turkey’s outbound tourism demand by using the data from 1960 to 2013. For this purpose, the Markov Switching Vector Autoregressive Model is used as an empirical analysis. This model classifies the time period into different regimes in order to obtain more robust results. Finally, our findings show that Turkish citizens’ outbound visits have been influenced by income and the exchange rates.

Outbound Tourism Demand of Turkey: A Markov Switching Vector Autoregressive Approach

Czech Journal of Tourism

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Tourism has been one of the fastest-growing sectors in the world. Especially developed countries have been major markets for tourism destinations over the...

Outbound Tourism Demand of Turkey: A Markov Switching Vector Autoregressive Approach

Published Online: Jan 24, 2018

Page range: 59 - 72

DOI: https://doi.org/10.1515/cjot-2016-0004

Keywords
Outbound tourism, tourism sector, Markov Switching Vector Autoregressive Model, Turkey

© 2016 Ceyhun Can Özcan et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Outbound Tourism Demand of Turkey: A Markov Switching Vector Autoregressive Approach

Published Online: Jan 24, 2018

Page range: 59 - 72

DOI: https://doi.org/10.1515/cjot-2016-0004

KeywordsOutbound tourism, tourism sector, Markov Switching Vector Autoregressive Model, Turkey

© 2016 Ceyhun Can Özcan et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Outbound tourism, tourism sector, Markov Switching Vector Autoregressive Model, Turkey